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Crypto crackdown: Malaysian police steamroll bitcoin machines

Agence France-Presse
Posted at Jul 23 01:13 PM

Malaysian police hit on a novel way to dispose of more than 1,000 bitcoin-mining machines seized in raids: they crushed the devices using a steamroller.  Read more »

Tesla will 'most likely' restart accepting bitcoin as payments, says Musk

Noor Zainab Hussain and Nivedita Balu, Reuters
Posted at Jul 22 07:11 AM

Electric-car maker Tesla Inc will most likely restart accepting bitcoin as payments once it conducts due diligence on the amount of renewable energy used to mine the currency, Chief Executive Officer Elon Musk said at a conference on Wednesday.  Read more »

China’s bitcoin crackdown: Why is it happening and what’s next for the original cryptocurrency?

Matt Haldane, South China Morning Post
Posted at Jul 16 12:49 PM

China’s widespread crackdown on bitcoin has sent the hash rate plummeting, but miners leaving the network has also pushed up profitability. Bitcoin was designed to be the world’s first decentralized currency, outside the reach of any central bank, but it now more closely resembles a commodity.  Read more »

China deepens cryptocurrency crackdown

Agence France-Presse
Posted at Jul 06 07:55 PM

China's central bank warned companies on Tuesday against assisting cryptocurrency-related businesses as it shut down a software firm over suspected involvement in digital currency transactions.   Read more »

Digital currency craze might be like bad fashion fad: US Fed vice chair

Agence France-Presse
Posted at Jun 29 09:03 AM

When it comes to the fleeting craze over baggy parachute pants in the 1980s the consequences are "merely puzzling or embarrassing," but with a currency it could be more serious. Read more »

China's crypto-miners look abroad as regulators tighten noose

Agence France-Presse
Posted at Jun 24 08:45 PM

When a prefecture in northwestern China's Xinjiang region ordered a halt on cryptocurrency mining projects this month, Chris Zhu scrambled to move clients' machines southward, spending over a week to reassemble in Sichuan.   Read more »

Why China is getting tough on cryptocurrencies

Agence France-Presse
Posted at Jun 21 06:36 PM

Cryptocurrency prices have fluctuated wildly in recent weeks as China intensifies a crackdown on trading and mining operations. Read more »

Cryptocurrencies tumble amid China crackdown on bitcoin miners

Reuters
Posted at Jun 21 05:50 PM

Cryptocurrencies tumbled on Monday as China's crackdown on bitcoin mining expanded to the province of Sichuan. Read more »

Bitcoin jumps after Musk says Tesla could use it again

Reuters
Posted at Jun 14 02:58 PM

Bitcoin hit a two-week peak just shy of $40,000 on Monday, after another weekend reacting to tweets from Tesla boss Elon Musk, who fended off criticism over his market influence and said Tesla sold bitcoin but may resume transactions using it. Read more »

Musk says Tesla will accept bitcoins when miners use more clean energy

Reuters
Posted at Jun 14 07:33 AM

Tesla Inc Chief Executive Officer Elon Musk tweeted on Sunday that the electric carmarker will resume allowing bitcoin transactions when miners who verify transactions use more renewable energy. Read more »

El Salvador's adoption of bitcoin delights cryptocurrency fans

Joseph Sotinel, Agence France-Presse
Posted at Jun 10 02:58 PM

El Salvador's approval of bitcoin as legal tender, making it the first country in the world to do so, has delighted cryptocurrency fans but left markets unconvinced. Read more »

China arrests over 1,100 suspects in crackdown on crypto-related money laundering

Reuters
Posted at Jun 10 11:24 AM

Police in China arrested over 1,100 people suspected of using cryptocurrencies to launder illegal proceeds from telephone and Internet scams in a recent crackdown, the Ministry of Public Security said. Read more »

Does money grow on volcanoes? El Salvador explores bitcoin mining

Reuters
Posted at Jun 10 08:52 AM

El Salvador's President Nayib Bukele said on Wednesday that he has instructed state-owned geothermal electric firm LaGeo to develop a plan to offer bitcoin mining facilities using renewable energy from the country's volcanoes. Read more »

Bitcoin proves double-edged sword for criminals

Joseph Sotinel, Agence France-Presse
Posted at Jun 09 04:41 PM

Regulators have repeatedly criticized the growth of cryptocurrencies such as bitcoin because of their popularity with criminals but the technology's transparent transactions can also work against law breakers.   Read more »

Bitcoin is now legal tender in El Salvador

Agence France-Presse
Posted at Jun 09 03:37 PM

The Congress of El Salvador has approved a law that will classify Bitcoin as legal tender in the Central American country, its president said, making it the world's first nation to adopt a cryptocurrency. Read more »

Bitcoin sinks and approaches $30,000

Agence France-Presse
Posted at Jun 09 07:34 AM

The price of bitcoin fell sharply on Tuesday, approaching a symbolic $30,000 threshold it has not crossed since January and dragging other cryptocurrencies in its wake. Read more »

Bitcoin edges back from $40,000 as volatility lingers

Reuters
Posted at May 27 08:55 AM

Bitcoin climbed back above $40,000 on Wednesday for the first time this week, before edging off its highs, as recent volatility in the cryptocurrency market showed few signs of dampening down. Read more »

Bitcoin mining can wane in China as green concerns, financial risks ramp up pressure

Yujie Xue, South China Morning Post
Posted at May 26 01:12 PM

Beijing is ramping up the pressure on bitcoin miners amid growing green ambitions and rising concerns over the financial risks posed by cryptocurrencies. Cryptocurrency mining operations have already been targeted by a number of Chinese municipal and provincial governments, and pressure set to intensify. Read more »

HSBC CEO says Bitcoin not for us

Lawrence White and Rachel Armstrong, Reuters
Posted at May 25 08:57 AM

HSBC has no plans to launch a cryptocurrency trading desk or offer the digital coins as an investment to customers, because they are too volatile and lack transparency, its Chief Executive Noel Quinn told Reuters. Read more »

S. Korea's central bank moves to develop pilot digital currency

Cynthia Kim, Reuters
Updated as of May 24 06:28 PM

South Korea's central bank on Monday said it will choose a technology supplier to build a pilot platform for a digital currency, moving a step closer to creating a central bank-backed digital currency.   Read more »